Global Hydrodesulfurization Catalyst demand is anticipated to be valued at US$ 2.89 Billion in 2022, forecast to grow at a CAGR of 5% to be valued at US$ 4.71 Billion from 2022 to 2032.
The Hydrodesulfurization Catalyst enables the hydrotreating process in petroleum refineries and natural gas processing plants. Using the Hydrodesulfurization Catalyst, the hydrotreating process removes excess sulfur from the petroleum refining by-products.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 2.76 Billion |
| Expected Market Value (2022) | US$ 2.89 Billion |
| Anticipated Forecast Value (2032) | US$ 4.71 Billion |
| Projected Growth Rate (2022 to 2032) | 5% CAGR |
Traditionally, the market is driven by growing regulatory norms pertaining to the application of low-sulfur fuels in the major regions of the world. Furthermore, there has been a major shift in the market demand for desulphurization catalysts owing to a positive move towards ultra-low sulfur (ULS) marine fuels, heating oils, and jet fuels.
Germany is considered to be a highly lucrative market for Hydrodesulfurization Catalyst, driven primarily by huge investments made by the refiners in order to upgrade and expand their units with advanced equipment and technologies. Furthermore, German manufacturers are focusing on producing cleaner automotive fuels while meeting the new sulfur emission regulations, such as Euro 4, Euro 5, and Euro 6 specifications and IMO 2020 mandate.
Catalysts used for the removal of sulfur are hydrodesulfurization catalysts. Ruthenium disulfide (RuS2) appears to be the single most active catalyst, but binary combinations of cobalt and molybdenum are also highly active. In practice, most HDS units in petroleum refineries use catalysts based on cobalt-modified molybdenum disulfide (MoS2) together with smaller amounts of other metals.
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Hydrodesulfurization Catalyst is of critical importance in the catalysis-dependent process of hydrodesulfurization. Hydrodesulfurization Catalyst helps carry out the process of hydrodesulfurization effectively, thus helping meet regulatory specifications and environmental norms applicable to refined petroleum products.
The removal of sulfur enabled by the Hydrodesulfurization Catalyst also prevents poisoning of the catalysts used in refinery processes further down the line after hydrodesulfurization. The market for Hydrodesulfurization Catalysts will witness growing demand in direct proportion to the increasing need for hydrodesulfurization (HDS) process for the production of low-sulfur petroleum fuel and other refined products, in view of existing and impending regulatory mandates.
Governments and regulatory bodies, such as the European Union and the International Maritime Organization (IMO), have laid down stringent low-sulfur content regulations for petroleum fuels, especially those used in the marine industry.
The IMO sulfur content cap to be applicable from January 2020 onwards has accelerated the need for sulfur removal capacity in refineries, thereby creating new opportunities for the Hydrodesulfurization Catalyst market. Thus, the market for Hydrodesulfurization catalysts will continue to be driven primarily by demand from the refinery industries.
With the unprecedented outbreak of COVID-19, most of the manufacturing sites and factories had to shut down. This led to a significant decline in the demand for oil. Furthermore, a number of plants started running at reduced rates, hindering the market demand for hydrodesulfurization catalysts. This is the case with major economies of the world, especially in the USA, China, Italy, France, Germany, the United Kingdom, and India, which are some of the worst-hit economies.
The plunge in the demand for oil along with the dropping oil prices and investments in the sector are likely to leave the industry position crucial. The aforementioned pointers, in turn, will severely impact the market growth.
Principal Consultant
The recent implementation of the International Maritime Organization (IMO) 2020 mandate worldwide aiming to reduce sulfur emissions from ocean vessels by 80% is expected to create significant growth opportunities for the market in Asia Pacific. Asia Pacific is projected to be a significant market for Hydrodesulfurization Catalyst and the trend is expected to continue into the forecast period owing to rapid demand in this region. The growing demand for refined petroleum products from the fast-growing economies of the region will be a key driver of demand for the Hydrodesulfurization Catalyst market in the Asia Pacific. According to the Oxford Institute for Energy Studies, China is expected to produce over 18 million tons of very low-sulfur fuel oil (VLSFO) by 2020 and increase it to 30 million tons by 2023.
According to Future Market Insights, North America is the largest regional market for hydrodesulfurization catalysts, accounting for a revenue share of 32%. The market is driven by stringent regulations and restrictions related to the harmful effects of sulfur dioxide on human health and the environment. According to the norms laid by the USA EPA, ultra-low sulfur diesel with a maximum of 15 ppm sulfur content is mandatory for all locomotives and marine vessels in the USA In addition to this, the refineries operating in the USA are projected to further boost the sales of hydrodesulfurization catalysts in the North American market.
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Some of the key participants present in the global Hydrodesulfurization Catalyst market include Albemarle Corporation; Advanced Refining Technologies; Sinopec Corp.; Haldor Topsoe A/S; Royal Dutch Shell PLC; PetroChina Company Limited (CNPC); Axens SA; JGC C&C; Honeywell International Inc.; and Johnson Matthey Plc among others. Attributed to the presence of such a high number of participants, the market is highly competitive.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5% from 2022 to 2032 |
| Market Value in 2022 | US$ 2.89 Billion |
| Market Value in 2032 | US$ 4.71 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global Hydrodesulfurization Catalyst market to expand at a 5% value CAGR by 2032
North America is expected to be the most opportunistic Hydrodesulfurization Catalyst market, accounting for a market share of 32%.
JGC C&C; Honeywell International Inc.; and Johnson Matthey Plc are some prominent Hydrodesulfurization Catalyst manufacturers.
1. Executive Summary | Hydrodesulfurization Catalyst Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2022 to 2032
5.3.1. Cobalt-Molybdenum Hydrodesulfurization Catalyst
5.3.2. Nickel-Based Hydrodesulfurization Catalyst
5.3.3. Others
5.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Feedstock
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Feedstock, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Feedstock, 2022 to 2032
6.3.1. Natural Gas
6.3.2. Naphtha
6.3.3. Heavy Oil
6.3.4. Diesel Oil
6.3.5. Kerosene
6.4. Y-o-Y Growth Trend Analysis By Feedstock, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Feedstock, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use Industry, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use Industry, 2022 to 2032
7.3.1. Petrochemicals
7.3.2. Natural Gas Processing
7.4. Y-o-Y Growth Trend Analysis By End Use Industry, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By End Use Industry, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Feedstock
9.2.4. By End Use Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Feedstock
9.3.4. By End Use Industry
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Type
10.2.3. By Feedstock
10.2.4. By End Use Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Feedstock
10.3.4. By End Use Industry
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. United Kingdom
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Type
11.2.3. By Feedstock
11.2.4. By End Use Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Feedstock
11.3.4. By End Use Industry
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Rest of Asia Pacific
12.2.2. By Type
12.2.3. By Feedstock
12.2.4. By End Use Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Feedstock
12.3.4. By End Use Industry
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Turkey
13.2.1.4. Rest of Middle East and Africa
13.2.2. By Type
13.2.3. By Feedstock
13.2.4. By End Use Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Feedstock
13.3.4. By End Use Industry
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Type
14.1.2.2. By Feedstock
14.1.2.3. By End Use Industry
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Type
14.2.2.2. By Feedstock
14.2.2.3. By End Use Industry
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Type
14.3.2.2. By Feedstock
14.3.2.3. By End Use Industry
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Type
14.4.2.2. By Feedstock
14.4.2.3. By End Use Industry
14.5. Argentina
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Type
14.5.2.2. By Feedstock
14.5.2.3. By End Use Industry
14.6. Chile
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Type
14.6.2.2. By Feedstock
14.6.2.3. By End Use Industry
14.7. Peru
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Type
14.7.2.2. By Feedstock
14.7.2.3. By End Use Industry
14.8. Germany
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Type
14.8.2.2. By Feedstock
14.8.2.3. By End Use Industry
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Type
14.9.2.2. By Feedstock
14.9.2.3. By End Use Industry
14.10. France
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Type
14.10.2.2. By Feedstock
14.10.2.3. By End Use Industry
14.11. United Kingdom
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Type
14.11.2.2. By Feedstock
14.11.2.3. By End Use Industry
14.12. Spain
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Type
14.12.2.2. By Feedstock
14.12.2.3. By End Use Industry
14.13. Russia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Type
14.13.2.2. By Feedstock
14.13.2.3. By End Use Industry
14.14. BENELUX
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Type
14.14.2.2. By Feedstock
14.14.2.3. By End Use Industry
14.15. China
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Type
14.15.2.2. By Feedstock
14.15.2.3. By End Use Industry
14.16. Japan
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Type
14.16.2.2. By Feedstock
14.16.2.3. By End Use Industry
14.17. South Korea
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Type
14.17.2.2. By Feedstock
14.17.2.3. By End Use Industry
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Type
14.18.2.2. By Feedstock
14.18.2.3. By End Use Industry
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Type
14.19.2.2. By Feedstock
14.19.2.3. By End Use Industry
14.20. Turkey
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2021
14.20.2.1. By Type
14.20.2.2. By Feedstock
14.20.2.3. By End Use Industry
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Type
15.3.3. By Feedstock
15.3.4. By End Use Industry
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Haldor Topsoe A/S
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Honeywell UOP
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. W.R. Grace and Company
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Albemarle Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Johnson Matthey PLC
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Axens S.A
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Redkino Catalyst Company
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Criterion Catalysts & Technologies
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Hydrodesulfurization Catalyst Market
